Market Overview

Perficient Announces Proposed Private Offering of $125 Million of Convertible Senior Notes

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Perficient, Inc. (NASDAQ:PRFT) ("Perficient"), the leading digital
transformation consulting firm serving Global 2000® and other large
enterprise customers throughout North America, announced today that,
subject to market and other conditions, it intends to offer $125 million
aggregate principal amount of Convertible Senior Notes due 2023 (the
"Notes") in a private offering. The Notes will be sold only to qualified
institutional buyers in reliance on Rule 144A under the Securities Act
of 1933, as amended (the "Securities Act"). Perficient also expects to
grant to the initial purchasers of the Notes an option to purchase up to
an additional $18.75 million aggregate principal amount of Notes.

The Notes will be Perficient's senior unsecured obligations, effectively
subordinated in right of payment to any secured indebtedness of
Perficient, to the extent of the value of the assets securing that
indebtedness, and structurally subordinated to all future indebtedness
of Perficient's subsidiaries. The Notes will pay interest semi-annually
in arrears. The Notes will mature on September 15, 2023, unless earlier
repurchased or converted. Prior to March 15, 2023, the Notes will be
convertible only upon the occurrence of certain events and during
certain periods, and thereafter, at any time until the close of business
on the second scheduled trading day preceding the maturity date of the
Notes. Upon any conversion, Perficient's conversion obligation will be
settled in cash, shares of Perficient's common stock, or a combination
of cash and shares of Perficient's common stock, at Perficient's
election, subject to certain restrictions. The interest rate on, the
initial conversion rate of, and other terms of the Notes will be
determined by negotiations between Perficient and the initial purchasers
of the Notes.

Perficient intends to use a portion of the net proceeds from the
offering of the Notes to repay approximately $56 million in borrowings
under its revolving credit facility and to repurchase shares of
Perficient's common stock from purchasers of Notes in privately
negotiated transactions, which could increase the market price of
Perficient's common stock prior to, concurrently with, or shortly after
the pricing of the Notes, and could result in a higher effective
conversion price for the Notes. Perficient also intends to use a portion
of the net proceeds from the offering of the Notes to pay the cost of
certain convertible note hedge transactions, after such cost is
partially offset by the proceeds to Perficient of certain warrant
transactions, each as described below. Perficient expects to use the
remainder of the net proceeds from the offering of the Notes for working
capital and other general corporate purposes.

In connection with the offering of the Notes, Perficient expects to
enter into privately negotiated convertible note hedge transactions with
one or more of initial purchasers of the Notes or their respective
affiliates and/or other financial institutions (the "Option
Counterparties"). The convertible note hedge transactions are expected
to cover the number of shares of Perficient's common stock that will
initially underlie the Notes, subject to customary anti-dilution
adjustments. Perficient also expects to enter into separate, privately
negotiated warrant transactions at a higher strike price with the Option
Counterparties relating to the same number of shares of Perficient's
common stock, subject to customary anti-dilution adjustments. In
addition, if the initial purchasers exercise their option to purchase
additional Notes, Perficient expects to sell additional warrants to the
Option Counterparties and use a portion of the net proceeds from the
sale of the additional Notes and from the sale of the additional
warrants to enter into additional convertible note hedge transactions
with the Option Counterparties. The convertible note hedge transactions
are expected generally to reduce the potential dilution of Perficient's
common stock and/or reduce the amount of any potential cash payments
Perficient is required to make in excess of the principal amount of any
converted Notes upon conversion of the Notes in the event that the
market price of Perficient's common stock is greater than the strike
price of the convertible note hedge transactions. However, the warrant
transactions could separately have a dilutive effect with respect to
Perficient's common stock to the extent that the market price per share
of Perficient's common stock exceeds the applicable strike price of the
warrants on any expiration date of the warrants.

In connection with establishing the initial hedges of the convertible
note hedge transactions and warrant transactions, concurrently with, or
shortly after, the pricing of the Notes, the Option Counterparties or
their respective affiliates expect to enter into various derivative
transactions with respect to Perficient's common stock and/or purchase
shares of Perficient's common stock, and shortly after the pricing of
the Notes, may purchase Perficient's common stock in secondary market
transactions. These activities could have the effect of increasing, or
reducing the size of a decline in, the market price of Perficient's
common stock concurrently with, or shortly following, the pricing of the
Notes. In addition, the Option Counterparties or their respective
affiliates may modify their hedge positions by entering into or
unwinding various over-the-counter derivative transactions with respect
to Perficient's common stock and/or by purchasing or selling
Perficient's common stock or other securities of Perficient, including
the Notes, in open market transactions and/or privately negotiated
transactions following the pricing of the Notes from time to time (and
are likely to do so during any "observation period" (as that term is
defined in the indenture governing the Notes) related to a conversion of
Notes). Any of these hedging activities could adversely affect the
market price of Perficient's common stock or the Notes, which could
affect the ability of holders of the Notes to convert the Notes and, to
the extent the activity occurs following a conversion or during any
observation period related to a conversion of the Notes, it could affect
the amount and value of the consideration that holders of the Notes will
receive upon conversion of the Notes.

The Option Counterparties may choose to engage in, or to discontinue
engaging in, any of these transactions with or without notice at any
time, and their decisions will be in their sole discretion. The effect,
if any, of such activities of the Option Counterparties, including
direction or magnitude, on the market price of Perficient's common stock
or the price of the Notes will depend on a variety of factors, including
market conditions, and cannot be ascertained at this time.

The offer and sale of the Notes and the shares of Perficient's common
stock issuable upon conversion thereof, if any, have not been and will
not be registered under the Securities Act or applicable state
securities laws, and the Notes and such shares may not be offered or
sold in the United States or to U.S. persons except pursuant to an
exemption from, or in transactions not subject to, the registration
requirements of the Securities Act and applicable state securities laws.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction.

About Perficient

Perficient is a leading digital transformation consulting firm serving
Global 2000® and enterprise customers throughout North America. With a
broad array of information technology, management consulting, and
creative capabilities, Perficient and its Perficient Digital agency
deliver vision, execution, and value with outstanding digital
experience, business optimization, and industry solutions. Our work
enables clients to improve productivity and competitiveness; grow and
strengthen relationships with customers, suppliers, and partners; and
reduce costs. Perficient's professionals serve clients from a network of
offices across North America and offshore locations in India and China.
Traded on the Nasdaq Global Select Market, Perficient is a member of the
Russell 2000 index and the S&P SmallCap 600 index. Perficient is an
award-winning Platinum Level IBM business partner, a Microsoft National
Service Provider and Gold Certified Partner, an Oracle Platinum Partner,
an Adobe Premier Partner, and a Gold Salesforce Consulting Partner.

Forward Looking Statements:

This press release contains forward-looking statements within the
meaning of the federal securities laws. Forward-looking statements
include all statements that are not historical facts. Such statements
include, but are not limited to, the ability of Perficient to satisfy
the conditions to the closing of the offering and the intended use of
the net proceeds from the offering. The words "believe," "expect,"
"estimate," "could," "should," "intend," "may," "plan," "seek,"
"anticipate," "project" and similar expressions, among others, generally
identify forward-looking statements, which speak only as of the date the
statements were made and are not guarantees of future performance. The
matters discussed in these forward-looking statements are subject to
many risks, trends, uncertainties, and other factors that could cause
actual results to differ materially from those projected, anticipated,
or implied in the forward-looking statements. Where, in any
forward-looking statement, an expectation or belief as to future results
or events is expressed, such expectation or belief is based on the
current plans and expectations of our management, is expressed in good
faith and is believed to have a reasonable basis. However, there can be
no assurance the expectation or belief will result, be achieved or be
accomplished. Whether or not any such forward-looking statements are in
fact achieved will depend on future events, some of which are beyond our
control. Except as may be required by law, we undertake no obligation to
modify or revise any forward-looking statements to reflect new
information, events, or circumstances occurring after the date of this
press release. Factors, risks, trends, and uncertainties that could
cause actual results or events to differ materially from those
projected, anticipated, or implied include the matters described under
the heading "Risk Factors" and "Management's Discussion and Analysis of
Financial Condition and Results of Operations" in our Annual Report on
Form 10-K for the year ended December 31, 2017 and in our other SEC
filings.

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